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We understand the complexity and nuances of succession planning. We work with you to create a customised approach, unique to your business and your goals for retirement. And, while succession may be far in the future for you, the time to start building the systems to facilitate a successful handover is right now.
As new General Manager Zachary knew and had worked with Hugh Bowden on tax and accounting in his previous company role, he naturally leant on Hugh to assist with structuring and transitioning Armitage Group from the legacy the founder had left.
Often when one of your children are involved in your family business or farm this creates disparity for your other children in the event of your death.
A simple solution can be using Life insurance to enable your child involved in the business to buy your share of the business from the estate.
If you have a desire to maintain wealth and pass it on to future generations it needs to be considered sooner rather than later.
Here are some salient points and key questions to help your planning process.